Question

a sum of ₹12600 at 9% p.a amounts to ₹14868 Find the duration for which the money was invested ​
pls answer​

Answer 1

We have,

Principal,P=Rs.12600 Rate,R=9%

Amount,A=Rs.14868

We know that A=P+S.I

⇒14868=12600+S.I

⇒S.I=14868−12600=2268

Now, S.I= PRT/100

⇒T= S.I×100/(P×R)

= T = (2268×100)/(12600×9)

=2years